[quote=SellingMyHome]Ahhh, I forgot that by admitting to a short sale, I was showing myself to some posters as an idiot. Sorry for forgetting that!

I bought in 2003 (halfway up the price rises), and thought it was going to be a starter home, one to live in for a few years, and then upgrade when we had kids. Well, the kids came along, but the market crashed. For several reasons, we decided to get rid of the house. It was a strategic move on our part, as there was no way the house was going to sell for a profit in the next 10-15 years.

So, now we are capable of buying again. To me it looks like the market is about near its lowest, maybe another year or so more still. I don’t mind renting a house, actually like not worrying about fixing things. BUT, my wife likes the idea of owning, and in the end, so do I.

So, my question to the pros here (even the jerks with opinions most don’t like to hear), is: Are short-sellers getting back in the market, and what are some of their experiences?[/quote]

Here’s the part if you really want us to offer an opinion, you need to tell us more details. What exactly do you mean by “now we are capable of buying again”…

It means a lot of different things to different people. If you’re planning to do something like a < 20% down, and for example have very little to budget in for unexpected, well then I think personally you aren't in a position to buy even if you qualify. Afterall, I don't think you want this to end up being Financial Trainwreck 2.0 At $3300/month from your last purchase, you clearly could not afford the mortgage, because you weren't saving anything as you admitted and had to tap your CC as you said to meet ends meet.